Buying A Car For | Someone Else To Drive
If you keep the title, you remain the legal owner. You will be responsible for registration renewals and may be liable for certain traffic violations or accidents involving the vehicle. 2. Financing Hurdles
You must accurately declare who the primary driver is. Claiming you are the main driver to get a lower rate for a younger person is called "fronting" and can lead to a cancelled policy or criminal charges. buying a car for someone else to drive
Check your state's Mazda USA Guide or Kelley Blue Book for gifting procedures. If you keep the title, you remain the legal owner
Taking out a loan in your name for a car someone else primarily uses is often flagged as an "accommodation deal," which many lenders prohibit. Financing Hurdles You must accurately declare who the
Financing a car for someone else is significantly more restricted than buying one outright:
Speak with your lender about whether they allow the primary driver to be different from the borrower.